Fitness First sheds clubs to shake UK debt
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Fitness First sheds clubs to shake UK debt

Sydney : Australia | May 31, 2012 at 8:16 PM PDT
Source: Sydney Morning Herald
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Fitness First Australia is a division of the global company Fitness First Group, which has been hit by weak consumer spending and the rise of budget gyms in the UK and Australia. In an announcement today, the company said it was hopeful the sale of 24 of its 97 clubs across the country would alleviate its... FULL ARTICLE AT Sydney Morning Herald
 
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  • Clubs close as Fitness First slims down

      Australian Broadcasting Corporation
    The company says it is part of a restructure that will lead to a brighter future for its customers. The chain has new owners which are shutting down the branches to remove a global debt of almost $900 million. Australian managing director Pete Manuel...
  • Fitness First puts 24 clubs up for sale

      The Age
    Fitness First Australia announced on Friday that it would sell 24 of its 97 clubs but said protection of member and staff rights would be a condition of the sales. Company managing director Pete Manuel said the 24 clubs "do not fit our vision for the...

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